Sabra Health Care REIT Inc (SBRA) Announces Quarterly Dividend of $0.45

Sabra Health Care REIT Inc (NASDAQ:SBRA) announced a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date is Wednesday, February 14th.

Shares of Sabra Health Care REIT (NASDAQ:SBRA) traded up $0.06 on Friday, hitting $16.49. The stock had a trading volume of 378,675 shares, compared to its average volume of 1,613,054. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66. Sabra Health Care REIT has a 12-month low of $16.17 and a 12-month high of $29.10. The company has a market cap of $3,047.77, a PE ratio of 17.48, a P/E/G ratio of 2.33 and a beta of 0.74.

SBRA has been the topic of a number of analyst reports. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Stifel Nicolaus reissued a “hold” rating and issued a $22.00 price target on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet cut Sabra Health Care REIT from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating and issued a $25.00 price target on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.10.

In related news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

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About Sabra Health Care REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

Dividend History for Sabra Health Care REIT (NASDAQ:SBRA)

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